Notice of RetractionThe relationship between ICT investment and economic growth in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This paper studies the relationship between information and communication technology (ICT ) investment and economic growth by applying Solow Growth Model and Granger Causal Relationship Test. The results based on the data of Chinese macroeconomic from 1996 to 2008 indicate that there is a bidirectional relationship between real gross domestic product (GDP) and ICT investment in China. On one hand, ICT investment can promote economic growth. However, when the impact of technical progress rate on economic growth is considered, the elasticity of output with respect to ICT investment is sensitive. On the other hand, as GDP of last year grows every 1 per cent, ICT investment will increase by 1.844 percentages. After fully discussed on the results, the paper aims to give a suggestion on how to make choice and adjust investment in essential factors for the growth of economic.